Auto Industry, Good News | featured news

General Motors Co posted a 7.5 percent rise in December U.S. auto sales and said it expects the industry to report sales at a 13 million-vehicle annualized rate for last month -- far higher than many forecasts and what would be the highest rate of 2010.

Automakers expect the end of the year to close much stronger than it began.

General Motors says it made $2 billion in the third quarter, a strong showing that helps the company's pitch to investors who may buy stock in an initial public offering.

October was a relatively good month for the auto industry, which is trying to build momentum in what has been a slow recovery.

Ford Motor Co. is on a roll. Its popular new cars and trucks are grabbing a bigger share of the U.S. market. It's about to erase a big portion of its health care debts. And Ford is adding a significant number of jobs for the first time in years.

The month of October is just about a wrap, and it’s shaping up to be a good one for the auto industry.

While sales were up, overall demand continued to be lower than automakers had expected it to be at this point in the economic recovery.

General Motors said its U.S. sales in May jumped 32% for the four brands the company kept after its restructuring thanks to continued strong demand for crossover vehicles and cars.

General Motors said its domestic sales in April rose 20% for the four brands the company is keeping thanks to continued strength in crossover vehicles and cars.

U.S. auto sales continued to rise in April as the stabilizing economy and attractive discounts brought more consumers into showrooms.